If John Consumes Only Two Goods,A and B,and He Is

question 111

Multiple Choice

If John consumes only two goods,A and B,and he is maximizing his utility subject to his budget constraint,

• A)MU_A/MU_B is at a maximum.
• B)MU_A/MU_B equals the ratio of the total utility of A to the total utility of B.
• C)MU_A/MU_B equals 1.
• D)MU_A/MU_B equals zero.
• E)MU_A/MU_B equals the ratio of the price of A to the price of B.

---

Definitions:

Primary Research Options

Different methods or strategies for collecting new and original data directly from sources, including surveys, interviews, and observations.

Imported Clothing

Apparel produced in one country and brought into another for sale.

Correlation Analysis

A statistical method used to assess the strength and direction of the relationship between two or more variables.

Formal Reports

Structured documents that present information and analysis to assist in decision-making, often following a specific format.